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Credit Suisse and UK names lead charge as European IG outperforms
1 year ago
European investment grade credit is rallying strongly at the start of this week, in contrast to a sluggish start by its US counterpart market, with Credit Suisse and UK companies among the outperformers -
UK adds itself to sour global cocktail with investors given another shake
1 year ago
US investors are returning to a sour mood across global markets on Tuesday, with escalating warfare in Ukraine, Chinese covid cases at a two-month high, the Biden administration in a standoff with China over microchips, and the UK still managing to hold focus for economic mishap -
Spreads trace worryingly familiar arc as investors take good news as bad and bad new worse
1 year ago
Credit spreads are pushing ever closer towards the year’s peak levels, continuing Wednesday a sell off that began on Tuesday, with positive US economic data perversely sparking a bearish shift in financial assets that negative European data has since compounded -
Spreads retreat ahead of pivotal US inflation report
1 year ago
Investors are holding their breath on Wednesday ahead of the latest US inflation numbers, with any change from last month’s reading likely to dictate a sizeable move in financials markets -
Market rides out China-US fray with oil, rates and jobs back in focus
1 year ago
US and European credit markets are exhibiting a firmer tone on Wednesday, with investor focus having shifted from Taiwan concerns to Opec+ oil supply. But a looming Bank of England rate hike and US jobs data mean caution remains the watchword -
Beneath the triple C: CLOs take first knock since covid scrapes
1 year ago
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May -
Investors hold tight amid Chinese slowdown and Nordic affront to Russia
2 years ago
Financial markets are opening the week on a cautious tone, as Chinese economic data weakens the global growth outlook and new Nato applications intensify the stand-off with Russia -
Credit rally extends as investors welcome hawkish but clearer Fed message
2 years ago
Credit markets have carried their rally over to another day, fuelled in part by what investors have interpreted as a hawkish but clear message from the US Federal Reserve on policy tightening -
Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
2 years ago
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners -
German convergence as travel co surges inside troubled real estate firm
2 years ago
Amid rocky markets there has been a tale of two diverging credits in the European high yield market on Wednesday, with two of the riskiest names passing each other on sharp convergent moves -
UK retailers get frosty reception after price hike warning
2 years ago
UK retailers face spread widening pressure on Tuesday against an otherwise flattish backdrop, as supply chain issues stack up prompting concerns of winter stock shortages and higher prices for goods -
Capital Group hires senior portfolio manager from AB in London
2 years ago
Capital Group has drafted in an investment director in London as it targets European investors -
US and Europe diverge as loan trading bands emerge on the continent
3 years ago
Europe and the US are on different courses with credit indices having drifted apart over the past month, say trading sources. Europe is expected to suffer fewer defaults to the extent that "it’s getting quite difficult for borrowers to default”, as one source put it. But the US has "higher growth potential due to its more dynamic economy" -
Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
3 years ago
May offered some respite to CLO portfolios as corporate downgrades to triple C were reduced heavily - affecting just $6.67 billion of US CLO paper and €1.09 billion of European CLO portfolios -
Longview Power turns to coal for handful of CLOs
4 years ago
CLOs hold $43.9 million of the debt of US power company LongView Power, which filed for Chapter 11 in the District of Delaware yesterday -
US/Europe CDS relative value in play as index gaps widen
4 years ago
A growing differential is opening this week between European and US credit derivative indices, with stark warnings yesterday on the impact of the coronavirus pandemic prompting a big sell-off in financial markets -
Jump-to-default risk collapses after Senate backs biggest ever US relief package
4 years ago
The US Senate's agreement of a record $2 trillion stimulus package is shaking jump-to-default risk from high yield corporate credit today, with some iTraxx Crossover constituents shedding over 1,000bp from the front end of their CDS curves -
Credit reels back to January 2019 levels as coronavirus impact spreads
4 years ago
A more positive opening for European credit today proved short-lived, as coronavirus developments caused the market to reverse its modest improvement early on to careen back to some of the widest levels in over a year -
Brigade prices triple Bs tight of double As with second CBO of 2018
5 years ago
Brigade Capital Management priced its second CBO of the year on Friday named Brigade Debt Funding II -
Schroders appoints credit specialist to fixed income team
5 years ago
Schroders has appointed a former BlackRock credit specialist as an investment director focused on Schroders' credit strategies -
BlackRock's AUM increases 22% in a year as ETFs contribute to growth
6 years ago
BlackRock’s assets under management have surpassed $6.2 trillion following “a record year” for the firm in 2017, company officials said in a recent earnings call -
Man Group taps former Lazard professional for marketing role in Hong Kong
6 years ago
Investment management firm Man Group has appointed a new managing director within its institutional sales team in Hong Kong, the company announced on 13 December -
High yield financials in Europe set for new growth
9 years ago
New asset class could reach €300 billion in the next five years -
Investors hurt as power producer hits call button
11 years ago
Asset managers expect that the exercising of bondholder unfriendly special calls will become more common in the high yield market after an important precedent last month
24 results found Showing page 1 of 1
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